Ann: Indicative Takeover Proposal Update , page-20

"to consider potential change of control transactions involving WestSide"

Proably means current board would not be in charge of the running of the company if there was a merger even though they may be retained.....

Sure Imo thats what they would favor keeping employment!!

Rules out a simple gas agreement if the above is to occur.

Rules out a large stake taken in the company unless our big holders agree to sell down some of theirs or a large issue of scrip is done but then they need to have control if the "change of control" bit is to come true.